Innovation is at the top of Mastercard’s agenda, and here in New York’s vibrant Silicon Alley, game-changing ideas and companies are transforming the fintech landscape. For the past few years, we have participated in the FinTech Innovation Lab New York to connect with fintech startups and support their growth.
Partnering with the Lab is a natural fit for us as an organization. We are committed to supporting the startup ecosystem and helping fintech companies to scale and grow. We have found that our collaboration with the Lab complements our wider fintech innovation strategy.
We have forged some great relationships with startups in the Lab. The startups we mentor through the FinTech Lab have the opportunity to meet with senior executives from a range of Mastercard subject-matter experts, functions and business units, including our marketing, data science and technology teams. We offer them mentoring and help with their positioning, with an eye to guiding them to build a more powerful market proposition. Startups from the most recent class, for example, had direct exposure to our CEO, Ajay Banga, which included the opportunity to ask him questions and share their ideas with him.
Fintech companies will find that many members of our team came from accelerators or startups and have a deep understanding of the challenges faced in finding the right decision-makers, refining product-market fit, and pitching their propositions. Our mentors are true partners, opening the right doors and helping address the pain points in their growth and product strategies.
Fit with Mastercard’s Start Path program
One of the valuable aspects of the FinTech Innovation Lab for Mastercard is how it dovetails with our own Start Path program for later-stage tech startups. Start Path is a six-month virtual program that helps the best startups from around the globe to scale through access to Mastercard’s technology, solutions expertise and commercial partnerships.
To date, we have closely worked with over 200 startups from 118 countries through the Start Path program – with eight more joining us this month – and they have raised a cumulative $1.5 billion in capital between them since joining the program.
The FinTech Innovation Lab offers Mastercard the opportunity to spot companies that could grow into strong contenders for Start Path while they are in the early phases of development.
With our eye on helping more great startups scale, we are excited to see what the Lab has in store for 2020. Start Path is particularly interested in meeting companies with breakthrough concepts around open banking, cybersecurity, data & analytics, small business enablement and more. We also have a keen focus on connecting and collaborating with female-led startups.
As we’ve learned from our participation in the program over the years, bringing together the scale and reach of a global institution like Mastercard with the innovative thinking of startups can spark ideas that have the potential to radically alter finance and technology. Best of luck to the class of 2020 – we’re looking forward to meeting you!
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Innovation is at the top of Mastercard’s agenda, and here in New York’s vibrant Silicon Alley, game-changing ideas and companies are …
I really appreciate your efforts to search in new areas. This collaboration will definitely bring a change. I am a regular follower of MasterCard and happy for you and fintech innovation lab.
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Muskan
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I am a follower of MasterCard and very happy for you and fintech innovation lab. Good job!
is indonesia on the list of the startups countries ?
ترجمه فوری و تخصصی توسط مترجمین متخصص با ارزیابی کیفیت و تضمینی، در کمترین زمان، سفارش و تحویل آسان فقط با ترجمه آنلاین .
اگر می خواهید مقاله ای با ترجمه ی آسان و تخصصی داشته باشید به ما اعتماد کنید و به وب سایت ما سر بزنید.
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cazare valcea
Good luck. Innovation ore our future
Hi, Great article! So well written. This is a very helpful article for everyone. I wish to read more articles from you! Thanks for sharing this valuable information!
Thanks!
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is indonesia on the list of the startups countries ?
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Mastercard Launches Accelerate to Supercharge Fintech Success. Program simplifies experience for fintechs worldwide; drives digital innovation, provides countless ways … Accelerate will enable fintechs to be onboarded to Mastercard in a … engage new customers, and reach new markets and segments.
This innovative program is an opportunity for the participating start-ups to work with potential future customers, validate propositions, gain valuable insights into the financial services industry and develop strong relationships with senior industry executives.
wish you all the luck working on your project
This definitely is a great opportunity for the fintech industry as this type of innovation is highly needed. I recently spoke about this at a conference
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